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Tata Group to Showcase Its Capabilities in Defence and Aerospace at Aero India 2015Current order book size of the Tata group in the Defence and Aerospace sector over Rs. 10,000 crores (over US$ 1.6 bn) | ||
Hyderabad, Andhra Pradesh, India The Tata group is displaying its end-to-end design to manufacturing capabilities at the Aero India 2015, the 10th international show on ‘Make in India’ in Aerospace, Defence, Civil Aviation, Airport Infrastructure and Defence Engineering, beginning on February 18, at Bengaluru. These include a range of solutions in the Defence and Aerospace sector in areas such as design, engineering, programme management, manufacturing and product lifecycle management, among others.
Defence and Aerospace is a focus area of the Tata group. The combined order book of Tata companies operating in the sector is over Rs. 10,000 crores (over US$ 1.6 bn) and, in 2013-14 alone, these companies have invested over Rs.320 crores (over US$50 million) in their respective businesses. Their expected revenue from the sector for FY15 is over Rs 2,500 crores (over USD$ 400 mn).
This year, nine Tata companies namely Tata Advanced Systems Limited, Tata Power Strategic Engineering Division (Tata Power SED), Tata Motors, Tata Advanced Materials Limited, Tata Steel (Specialty Steel business in Europe), Tata Technologies, TAL Manufacturing Solutions Limited, Titan Company (Precision Engineering Division) and Tata Consultancy Services are exhibiting their expertise and offerings at Aero India, Asia’s premier Air Show. Several of these companies work collaboratively to provide convergent defence solutions, and thus meet multiple requirements of their customers.
According to Dr. Mukund Rajan, Member – Group Executive Council and Brand Custodian, Tata Sons, “Aero India 2015 is an international platform to demonstrate India’s expertise in the Defence and Aerospace sector, and the Tata group is very pleased to showcase its capabilities and offerings here. Tatas have had a long association with the Indian defence and aerospace sector, and Tata companies have progressively built a substantial presence by addressing the country’s needs and becoming suppliers to global partners.”
Tata companies in the Defence & Aerospace sector:
About the Tata group: The Tata group’s core purpose is to improve the quality of life of the communities it serves globally, through long-term stakeholder value creation based on leadership with trust. Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise headquartered in India, and comprises over 100 operating companies, with operations in more than 100 countries across six continents, exporting products and services to over 150 countries. The revenue of Tata companies, taken together, was $103.27 billion (around Rs624,757 crore) in 2013-14, with 67.2 percent of this coming from businesses outside India. Tata companies employ over 581,000 people worldwide. Good corporate citizenship is part of the Tata group’s DNA. Sixty six percent of the equity of Tata Sons, the promoter holding company, is held by philanthropic trusts, thereby returning wealth to society. As a result of this unique ownership structure and ethos of serving the community, the Tata name has been respected for more than 140 years and is trusted for its adherence to strong values and business ethics. Each Tata company or enterprise operates independently and has its own board of directors and shareholders, to whom it is answerable. There are 32 publicly-listed Tata enterprises and they have a combined market capitalisation of about $130.4 billion (as on February 12, 2015), and a shareholder base of 3.9 million. Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services , Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels. |
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Media Contact Details
Sarika Kapoor Chokshi
Tata Sons +91 22 66657891 Arushi Agrawal
Tata Sons +91 22 66657564 |
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